Thursday, 7 January 2010

Trades 07/Jan/2010

GRMN (gap down)Bearish first two candles as it falls thru OR low. Then a shallow retracement to test the oR low as resistance. The 7th is NR3, NR7 off OR low and ema and closing weak. This is our short trigger. Closed partial at 2R near Fib Ext and then rest came back to stop at breakeven.

No other trades for me today. ANF short didn't trigger and a couple of others were too close to Fib Ext. Hope you had a good day.

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All views and information expressed on this blog represent my opinion and analysis, based on data available to me at the time of writing. The watch lists and chart setups are my own and are not in any way recommendations to buy or sell securities